2025 Notice of Annual General Meeting

2025 NOTICE OF ANNUAL GENERAL MEETING

 

Notice is given that the 66^th Annual General Meeting of Community First Credit Union Limited (“Community First”) will be held on:

 

Thursday 27 November 2025

At 2.00pm (AEDT)

 

At 67-73 St Hilliers Road

Auburn, NSW 2144

 

Explanatory Notes in relation to the Annual General Meeting are included at the end of this Notice.  Please read these notes carefully.

 

AGENDA

 

 

 

 

 Appointment of Gary Thomson

 

3.1       That Gary Thomson be reappointed as a Director of Community First.

 

 

4.1       That the maximum aggregate remuneration of Elected Directors be set at $709,340 for the financial year ending 30 June 2026.

 

Proxies

 

You can appoint a proxy to attend and vote at the meeting on your behalf. Your proxy does not have to be a member of Community First. An appointment of proxy form can be obtained by contacting Community First on 1300 13 22 77.  To be valid, your Appointment of Proxy form must reach Community First no later than 5.00pm, 13 November 2025.

 

By Order of the Board of Directors 

 

Hung Truong

Company Secretary

2 October 2025

 

 

 

EXPLANATORY NOTES

 

The Explanatory Notes that follow provide important information regarding the terms of business to be considered at the Annual General Meeting.

 

 

Agenda Item 1: Minutes

 

Members will be given an opportunity to consider and note matters contained within the minutes of the 2024 Annual General Meeting held on 28 November 2024. The draft minutes will be available at the meeting or by contacting Community First on 1300 13 22 77. 

 

 

Agenda Item 2: Financial Statements and Reports

 

Section 317 of the Corporations Act 2001 requires that the Financial Report, Directors’ Report and the Auditor’s Report be presented at the Annual General Meeting.

 

Members will have a reasonable opportunity at the meeting to ask questions and make comments on these reports and on the business and operations of Community First. A copy of the 2025 Annual Financial Report will be available on our website at www.communityfirst.com.auat least 21 days before the Annual General Meeting.

 

 

 

Agenda Item 3: Director Appointments

 

The Directors appointed at this Annual General Meeting will hold office for a term ending at the conclusion of the Annual General Meeting in 2028.

 

A postal ballot was not necessary this year because the number of eligible nominations received is less than the number of vacancies to be filled. Accordingly, the appointment may be made by resolution at this Annual General Meeting.

 

3.1       Appointment of Gary Thomson

 

In accordance with the Constitution, Mr. Thomson retires by rotation. Being eligible, he offers himself for appointment for a further term.

 

He has been interviewed by the Nomination Committee, and in the view of the Committee, has demonstrated his ability to meet the requirements to be a Director of Community First.

 

Mr Thomson joined the Board of Community First Credit Union as a Non-Executive Director in December 2016. He was previously a Director and Chair of Manly Warringah Credit Union Ltd from 2006 to 2016. 

 

Gary has a broad range of experience in strategic planning, risk management, executive management and governmental relations.

 

Gary semi-retired in July 2018 but was previously employed as a Project Director at Singleton Council from 2017 to 2018. From 2010 to June 2017 he was Assistant General Manager at Singleton Council following 3 years working as a consultant in the areas of town planning and business reorganisation particularly related to waste management. Prior to this he worked for Warringah Council for 28 years where his final role was as Director of Customer and Community Services. 

 

He has extensive Board experience having previously been a member of the Glen Street Theatre Board of Directors and Hunter Resource Recovery Board of Directors. He is currently a Director of Balmain Rugby League Football Club and Balmain District Junior Rugby League Club. He is the owner of Thomson Planning and Project Management providing executive advice to private and public enterprises.

 

 

 

 

Agenda Item 4: Directors’ Remuneration

 

The Board is seeking approval of aggregate remuneration for Elected Directors of $709,340 for the current financial year ending 30 June 2026.

 

The Board has an established method for developing the recommended level of directors’ fees to be submitted for approval by members at the Annual General Meeting. The recommendation is based on the results of the independent annual Mutual Financial Board Remuneration Survey conducted by external Management Consultants and other market surveys.